A jumbo loan is defined as a loan whose loan amount exceeds the Fannie Mae conforming loan limit. In Texas, the conforming loan limit is $548,400.

We have a wide array of Jumbo loan products, including some very unusual Jumbos.

Here are the bullet points on these Jumbo loans…

CORE JUMBO

-Owner Occupied to 90% LTV without MI up to $3M – 30 YEAR FIXED RATE (very unusual!)
-Non-Owner up to 70% LTV – $1M
-Second Home up to 80% – $1.5M
-No limits on Cash Out
-Interest Only avail to 80% LTV – $2M

HIGH RESERVE JUMBO
-Allows Min 660 Fico Score
on Purchase & Rate/Term
-36 Months Reserves Required
-Max $5M Loan Amount

NON-QM JUMBO
-Max 50% DTI
-Max 80% LTV to $3M
-Min 700 Fico
-Cash-Out and Second Homes Allowed.
-Assets for Income (Asset Depletion)
-Min Loan Amount $300K

Alternate Documentation is available on Non QM Jumbo Loans  (Bank statements to prove income, Debt Service Coverage Loans on non owner occupied homes, and Asset Depletion)

 

Contact us today about your Jumbo Loan.